September 01, 2016 - Contax Partners’ Energy Feed

Iran signs initial oil deals with several foreign firms

Managing Director of the National Iranian Oil Company (NIOC), Ali Kardor, revealed that Iran has signed new initial agreements with foreign oil companies. These contracts, which involve the study of Iranian oilfields, were signed with Austria's OMV, France's Total , Germany's Wintershall, Indonesia's Pertamina, Russia's Lukoil and Zarubezhneft. Many other oil firms, however, are still waiting for Iran to establish its new model for oil & gas contracts (IPCs).

Qatar's next phase for mega power project to commence soon

The next phase of Qatar's ‘Qatar Power Transmission System Expansion-Phase 13’ is expected to commence this quarter. This mega power transmission and distribution project, worth c.USD 2bn, is scheduled to be completed by Q4 2018. Qatar has earmarked over USD 10bn as part of its long-term investment plans for expanding its power sector; this encompasses projects in all stages, including those on hold but likely to be revived soon.

SEC to delay Jeddah expansion further but expected to proceed with Riyadh PP15

Industry sources reveal that Saudi Electricity Company (SEC) will likely delay the planned expansion of its Jeddah South power plant which is expected to add an additional 1,400MW of capacity. The bid deadline, which has been postponed twice already, is now September 25th, and is expected to be extended further. However, SEC is expected to start tendering a plant, known as PP15, near Riyadh, by the end of the year. This plant is expected to have a capacity of more than 5,000MW.

LET US HELP YOU SUCCEED IN THE ENERGY MARKET!

Contax Partners assists project owners, contractors and suppliers to maximize opportunities associated with these projects, guide them on the underlying risks related to execution and the effects of increasing project workload.